On the geopolitical front, the United States said it is examining Iran’s latest proposal regarding the Strait of Hormuz, the narrow waterway through which a significant share of global oil and gas shipments pass. Iran has blockaded the strait since the start of a U.S.-Israeli offensive roughly two months ago, sending shockwaves through the global economy. The details of Tehran’s proposal were not immediately disclosed, but the acknowledgment from Washington that it is under review suggests diplomatic channels remain open even amid escalating military confrontation.
Walter Murrow
April 28, 2026
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